In this role, Paul was responsible for the companys accounting processes, controls, policies and financial data, including internal and external reporting of financial results, audit coordination, compliance with regulatory requirements, and consolidation of segment financial planning, budgeting, forecasting and analysis. UNITEDHEALTH GROUP INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Timothy Spilker. Repay Holdings Corp., Commerce Club-Atlanta, Truist Bank, Truist, Inc., Payment Alliance International, Inc., Deluxe Corp., UnitedHealth Group, Inc., M & A Ventures LLC, Atlanta Symphony Orchestra, Pace Academy, Inc. Total Insider Purchases and Sales Reported to the SEC, Vanguard US Total Market Shares Index ETF, Vanguard Institutional Total Stock Market Index Trust, SPDR Series - Health Care Select Sector SPDR Fund, Capital Research & Management Co. (World Investors), T. Rowe Price Associates, Inc. (Investment Management), Capital Research & Management Co. (Global Investors), Capital Research & Management Co. (International Investors). Medicare Advantage (MA) plansprivate insurers alternatives to traditional Medicarehave grown in popularity in recent years with 28 million Americans signing up. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. A large anesthesiology grouprecently sued UnitedHealth, alleging the company has stifled competition. Kate is responsible for shaping and advocating for policy agendas as well as positioning Community & State as a trusted thought leader and partner with federal, state, and local health and social programs. Together with my partners Dirk McMahon and John Rex, we have the right strategy, and tremendous people and capabilities throughout the organization to continue strengthening our efforts to improve the health system for everyone. Krista was also chief executive officer for the Individual and Family Plan (IFP) business, where she successfully led re-entry into the individual exchange market across 18 states. with a mission to help people live healthier lives and help make the health system work better for Theres been some attention around the fact that prior authorization is not serving people. Brian Thompsonwas named chief executive officer for UnitedHealthcare in April 2021. Before moving to UnitedHealthcare, Jeff was senior vice president and controller for UnitedHealth Group. February 04, 2021 Contact Us | UnitedHealthcare Community & State Our Purpose Leadership National Advisory Boards Partnerships & Innovations Contact Us Understanding Medicaid Contact Us Choose your state to connect with your local team. I think it will go a significant way toward trying to address some, if not all, of the problems were currently seeing with prior authorization, says Lipschutz. She is a former trustee and current member of the Arthur W. Page Society, an organization of individuals who have reached the highest level of practice in the field of corporate communications or public relations. Millions of Medicare Advantage members see their prior authorization requests denied each year. Opinions expressed by Forbes Contributors are their own. In April, the Biden administration released new, stricter prior authorization rules to help Medicare Advantage beneficiaries. Prior to this role, Tim was chief financial officer and senior vice president of Federal Products . Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Together with health care professionals, we are helping people access the right care at the right time. Select State Get updates on Medicaid topics you care about Paul currently serves as the Chairman of Plymouth Covenant Churchs financial and operational board and serves on the board of Union Gospel Mission Twin Cities, which is a non-profit social service organization in Minneapolis. In 2005 and 2006, he served as chief financial officer for the Medicare Advantage business, where he had oversight of financial planning, underwriting and operations. UnitedHealth names new CEO for UnitedHealthcare, its core insurance Also on Wednesday, Witty announced a series of moves involving other top executives within the company. Lana Kats has been working as a Executive Director at United Healthcare. Brians experience, relationships and values make him especially well-suited to help UnitedHealthcare improve how health care works for consumers, physicians, employers, governments and our other partners, leading to continued and sustained long-term growth, Witty said. Before moving to UnitedHealthcare, Paul was the vice president of finance for OptumHealth from 2007 to 2010, responsible for financial planning and analysis. Dirk McMahon - President and Chief Operating Officer - LinkedIn In addition, Mary provides strategic advice regarding UnitedHealthcares product offerings and positioning, quality programs, value-based arrangements, and advocacy with external stakeholders. In this role, he has overall responsibility for UnitedHealthcares legal, regulatory affairs and compliance functions as well as UnitedHealth Groups external affairs and international relations functions. With your UHC FEHBP plan you can be confident about your health care decisions with 2nd.MD. FORTUNE may receive compensation for some links to products and services on this website. UnitedHealth Group (NYSE: UNH) is a diversified health care company dedicated to helping people live healthier lives and helping make the health system work better for everyone. Roughly a third said it led to a serious adverse event for a patient. Coronavirus Tips Working and Protection, For its 2021 fiscal year, UNITEDHEALTH GROUP INC, listed the following executives on its annual proxy statement to the SEC. Data may be intentionally delayed pursuant to supplier requirements. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Chief Executive Officer (UnitedHealthcare Community & State) Email. In 2021, 2 million MA prior authorization determinations were denied, according to a February 2023 Kaiser Family Foundation (KFF) analysis. Explore our stories to see our mission at work, find recent news releases, and read research offering solutions for addressing health care challenges and opportunities. McMahon has served in a number of leadership positions . Dartmouth College. The growth expanded UnitedHealthcare's nation-leading share of the lucrative Medicare insurance market. If a plan determines the requested care would be unnecessary or could be provided for less money elsewhere, it canand willdeny the requests. Before joining UnitedHealthcare in 2017, Stephanie spent 17 years with Apple Inc., in human resources and talent leadership roles in the companys engineering, operations, leadership development and retail divisions. There has been a lot ofnegative media coverage from STAT and the Kaiser Family Foundation on issues with prior authorization. Andrew Witty Elevated To CEO At UnitedHealth Group In Surprise - Forbes Partly, he notes, thats because some plans have been hiring subcontractors and using algorithms to make these decisions. From financial support to resource development, learn how our programs partner with communities to advance health equity from the ground up. The OptumHealth segment provides health and wellness care, serving the broad health care marketplace including payers, care providers, employers, government, life sciences companies, and consumers. Tim earned an undergraduate degree from Northwestern University, an MBA from Harvard Business School, and a Masters in Healthcare Delivery Science from Dartmouth College. Witty was named CEO of Optum in March 2018 and added the role of president, UnitedHealth Group, in November 2019. Opinions expressed by Forbes Contributors are their own. Terms & Conditions. Dr. Anne Docimois chief medical officer of UnitedHealthcare, responsible for the clinical, cost and experience outcomes of more than 50 million members in UnitedHealthcares Commercial, Medicare and Medicaid health plans. Optum also runs a fast-growing division that provides patient care through clinics, surgery centers and facilities for urgent care. Together with my partners Dirk McMahon and John Rex, we have the right strategy, and tremendous people and capabilities throughout the organization to continue strengthening our efforts to improve the health system for everyone. CEO of UnitedHealthcare in Georgia. Powered and implemented by Interactive Data Managed Solutions. Fauci says the general public somehow didnt get his messaging that the vulnerable are really, really heavily On Thursday, Lyfts new CEO laid off over 1,000 employees. She has more than 25 years of experience in health care and has worked with a variety of managed care entities, including insurance carriers and providers, across all lines of business. 2023 UnitedHealth Group. Fundamental company data and analyst estimates provided by FactSet. As CEO, Dave helped build an unmatched set of distinctive capabilities, market positions and capacities that will continue to contribute to a high-performing and more equitable health system for everyone. Dr. Docimo has served as a physician leader in the evolving health care marketplace for more than 20 years. UnitedHealthcare's Chief Executive Officer is Brian Thompson. At Jains SCAN, its the doctors in the plans network who decide whether to grant or deny prior authorization requestsnot the insurer. Chief Executive Officer (Health Plan of Texas) Email. For several years, Thompson ran the Medicare business for the division. In addition to the health insurance unit, UnitedHealth Group operates a large health-services business called Optum that manages pharmaceutical benefits within health plans and provides consulting services in health care data and IT. He will rejoin the UnitedHealth Group Board of Directors and becomes CEO immediately, with Wichmann continuing in a transition period through March 2021. The charts on this page feature a breakdown of the total annual pay for the top executives at UNITEDHEALTH GROUP INC as reported in their proxy statements. Leadership | UnitedHealthcare Community & State National Leadership Local Leadership Contributing Authors Leadership Our leaders are dedicated to solutions that strengthen physical, social and economic health. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. From 2007 through 2010, Jeff was the senior vice president of financial planning and analysis, leading enterprise budgeting and forecasting, management reporting and analysis, accounts payable, and corporate procurement activities. CEO Pay Watch: UnitedHealth's David Wichmann made more than $52 million Reveal for Free. In 2021, it was as high as 12% for CVS Healths Aetna and Kaiser Permanente plans and as low as 3% for Anthem plans. UnitedHealthcare Community & State proudly serves nearly six million Medicaid members, including more than 2.7 million children, in 31 states, plus Washington D.C. UnitedHealthcare is a division of UnitedHealth Group (NYSE: UNH), which is a diversified health and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone. That indicates, I think, in many peoples minds that the plans are being too restrictive on the front end, says Lipschutz. Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Thats 6% of the 35 million requests. (Provided photo). Customer Services & Support Based on 536 salaries Customer Service Representative 213 salaries Customer Service Representative (CSR) 41 salaries View More Business UnitedHealth Group Wednesday elevated an insider to lead its $200 billion UnitedHealthcare health insurance business, which is the nations largest. Medicare Advantage plan executives argue thats a problem because, they say, traditional Medicares fee-for-service system encourages doctors to prescribe unnecessary tests, health scans, and medical procedures. Because peoples lives are at stake, he adds. McMahon has served in a number of leadership positions across the enterprise since joining the company in 2003, including CEO, OptumRx, overseeing UnitedHealth Group's pharmacy benefit management programs, along with various management positions in information technology, operations and finance.
